Diesel's added MPG doesn't offset the higher cost per gallon anymore. Around here it's a 50% higher price at the pump to get best case a 40% improvement in MPG. Probably more like 30% tops.
If it were me, no question I would be looking for a 1999 to 2006 Silverado or Sierra 1500 extended cab with the 4.6 or 5.3 V8. They will get just as good real world mpg as a Colorado and are 10 times more reliable. The extended cab on those trucks is as roomy as a 4 door smaller truck, and even as roomy as the 4 door Dodge "quad cab". We could pretty easily get over 20 mpg with even a 5.3 4x4 Suburban those years and we have a 2005 4.6 4x4 Tahoe at work with 300,000 miles on it on all it's original drivetrain. It gets over 20 MPG too.
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